"Bilateral trade is really below potential. We want to increase it to USD one billion from the present USD 250 million," Oliveira told a CII conference here.
He said while about 30 Portuguese companies operate here, Portugal was looking at co-operation in water and waste management, alternative energy, IT, food products and wine.
He also said that Portugal is looking at new markets like China, India and the Gulf, after the Eurozone crisis affected economy and trade.
The ambassador will meet West Bengal Commerce minister Partha Chatterjee tomorrow to discuss trade opportunities in the state.
Kolkata: Portugal Ambassador Jorge Roza de Oliveira on Thursday said his country is eyeing cooperation with India in areas like infrastructure, alternative energy and information technology to increase bilateral trade to USD 1 billion.
First Published: Thursday, February 07, 2013, 21:15